IHS Chemical Week

Asian Prices Fall on Lower Crude

11:38 AM MDT | May 25, 2010 | Lindsey Bewley

Naphtha moved down to USD 655.0-657.0 from USD 735.0-737.0 Supplies of naphtha are on higher side in the region.  Ethylene prices slumped   to USD 1100-1110 from USD 1280-1290 on weak demand. It is expected that ethylene prices will further move down in the coming weeks due to falling crude oil prices. Propylene fell to USD 1080-1090 from USD 1260-1270 on lower crude and even lower demand. Benzene fell to USD 810-820 from USD 940-950. However, traders across the region say demand in the downstream market seems to be healthy and benzene prices are...

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